Institutional Investors Are Dumping Middlesex Water Co (NASDAQ:MSEX)

June 14, 2018 - By Vivian Currie

Middlesex Water Company (NASDAQ:MSEX) Logo

Sentiment for Middlesex Water Co (NASDAQ:MSEX)

Middlesex Water Co (NASDAQ:MSEX) institutional sentiment decreased to 0.9 in 2018 Q1. Its down -0.73, from 1.63 in 2017Q4. The ratio worsened, as 43 active investment managers increased and opened new positions, while 48 decreased and sold equity positions in Middlesex Water Co. The active investment managers in our partner’s database now own: 8.40 million shares, up from 8.20 million shares in 2017Q4. Also, the number of active investment managers holding Middlesex Water Co in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 9 Reduced: 39 Increased: 32 New Position: 11.

Middlesex Water Company, through its subsidiaries, owns and operates regulated water utility and wastewater systems. The company has market cap of $695.92 million. The firm operates in two divisions, Regulated and Non-Regulated. It has a 30.78 P/E ratio. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection clients in parts of New Jersey, Delaware, and Pennsylvania.

The stock decreased 0.28% or $0.12 during the last trading session, reaching $42.54. About 11,835 shares traded. Middlesex Water Company (NASDAQ:MSEX) has risen 22.77% since June 14, 2017 and is uptrending. It has outperformed by 10.20% the S&P500.

Analysts await Middlesex Water Company (NASDAQ:MSEX) to report earnings on August, 7. They expect $0.38 EPS, up 15.15 % or $0.05 from last year’s $0.33 per share. MSEX’s profit will be $6.22 million for 27.99 P/E if the $0.38 EPS becomes a reality. After $0.27 actual EPS reported by Middlesex Water Company for the previous quarter, Wall Street now forecasts 40.74 % EPS growth.

Tsp Capital Management Group Llc holds 3.25% of its portfolio in Middlesex Water Company for 185,550 shares. Water Asset Management Llc owns 150,346 shares or 2.43% of their US portfolio. Moreover, National Investment Services Inc Wi has 0.6% invested in the company for 17,564 shares. The Alabama-based Mitchell Mcleod Pugh & Williams Inc has invested 0.28% in the stock. Nuance Investments Llc, a Kansas-based fund reported 110,036 shares.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $226,111 activity.

More recent Middlesex Water Company (NASDAQ:MSEX) news were published by: Nasdaq.com which released: “Report: Exploring Fundamental Drivers Behind Allegiant Travel, Hurco Companies, Newtek Business Services …” on May 25, 2018. Also Globenewswire.com published the news titled: “Middlesex Water Company Announces Retirement of Director John R. Middleton, MD From Its Board” on May 24, 2018. Globenewswire.com‘s news article titled: “Middlesex Water Company Holds Annual Meeting of Shareholders” with publication date: May 23, 2018 was also an interesting one.

Middlesex Water Company (NASDAQ:MSEX) Institutional Positions Chart

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